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| Bulls propel Comex gold futures Commodity Online (Kitco News) - The bulls have propelled New York April Comex gold futures higher for the fourth session in a row Monday. After correcting to a low at $1380.70 per ounce on March 15, April gold futures have rocketed higher, back within striking distance ... See all stories on this topic » |
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Adobe Systems Inc. (NASDAQ:ADBE) has launched a next-generation platform. Adobe Systems Inc. (NASDAQ:ADBE) Launches Next-Gen Platform Adobe Systems Inc. (NASDAQ:ADBE) has said that it has introduced a new, next-generation platform for the Adobe Online Marketing Suite, which is powered by Omniture. Adobe Systems Inc. (NASDAQ:ADBE) has also added a new version of Adobe SiteCatalyst, which includes enhancements that directly result from the new platform capabilities. Brad Rencher, the vice president and general manager, Omniture Business Unit, Adobe Systems Inc. (NASDAQ:ADBE) said that, "Our new platform is a revolutionary advancement for the Adobe Online Marketing Suite and will allow us to meet the demands of digital marketers well into the future." Rencher added, "Customers are already raving about the Suite's enhanced abilities to help them pull understanding and actionable insight out of a growing maelstrom of data. We are delivering on our promise to make digital marketing easier so that marketers spend less time on technology and more time on what they do best, marketing." Adobe Systems Inc. (NASDAQ:ADBE) shares were at 31.99 at the end of the last day’s trading. There’s been a 11.1% movement in the stock price over the past 3 months. Adobe Systems Inc. (NASDAQ:ADBE) Analyst Advice Consensus Opinion: Moderate Buy Mean recommendation: 1.98 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 2.16 Zack’s Rank: 16 out of 83 in the industry
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And just like that, the slide by stocks in the first half of last week is gone. As the main focus of attention by traders has moved in recent days from oil prices to the events in Japan, a stabilization in events over the weekend at the nuclear power plant in Fukushima has seemingly prompted investors to put a little more money on the table as willingness to take on risk ascends. On Monday, the Dow Jones Industrial Average closed back above 12,000 for the first time since March 11, ending up 178 points to 12,037. The Nasdaq rose 1.8% to 2692 and the S&P 500 gained 1.5% to 1298. In fact, the equities market may have now worked its way back into the no man’s land where oil prices may begin to return as the market’s leading spark. Higher crude prices may have helped soothe fears of lower consumer demand in Japan, but another run above $105 a barrel may remind investors of the downside to Middle East turmoil that never really went away. Oil gained 1.2% to finish above $102 a barrel for the first time since March 11, as energy stocks surged across the board. In particular, smaller oil drilling and equipment stocks were again catching some speculative bids they had enjoyed before the earthquake in Japan stopped their momentum. Small-cap name Tesco (NASDAQ: TESO ), for example, gained nearly 9%, while larger rival Oceaneering International (NYSE: OII ) gained more than 6%. Speculative euphoria also was seen across the small-cap space — the Russell 2000 jumped 2.3% to close at its highest level since March 9. And therein lies the question behind the nature of the 3.3% bounceback in stocks over the past three sessions: Is the recent rally a function of risk-taking that indicates stocks have more upside, or that the outperformance of small-caps will spell an early demise? With not much expected this week in the way of corporate of economic data, the momentum in stocks is likely to continue being decided by events in Japan and the Middle East.
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